DAT Truckload Volume Index: Freight volumes bounced back in August
18 Septiembre 2023 - 9:26AM
Business Wire
Truckload freight volumes increased in August as shippers
positioned freight ahead of the fourth quarter, said DAT Freight
& Analytics, operators of the DAT One freight marketplace and
DAT iQ data analytics service.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230918882743/en/
Freight volumes bounced back in August
(Graphic: DAT Freight & Analytics)
Buoyed by shipments of retail goods and fresh food, the DAT
Truckload Volume Index (TVI) increased for van, refrigerated
(“reefer”) and flatbed freight compared to July:
- Van TVI: 241, up 8% from July and down 8% year over
year
- Reefer TVI: 175, up 4% from July and down 5% year over
year
- Flatbed TVI: 259, up 9% from July and down 0.4% year
over year
Load-to-truck ratios strengthened
DAT’s national average van and reefer load-to-truck ratios rose
in August, reflecting higher demand for these services:
- Van ratio: 2.8, up from 2.6 in July, meaning there were
2.8 loads for every truck on the DAT One marketplace
- Reefer ratio: 4.4, up from 3.8
- Flatbed ratio: 6.0, down from 7.1
Spot line-haul rates slipped
Broker-to-carrier benchmark spot rates strengthened as carriers
negotiated to cover rising fuel expenses. The DAT benchmark spot
van rate was $2.09 per mile in August, up 2 cents compared to July,
while the reefer rate gained 7 cents to $2.51 per mile. The flatbed
rate slipped 3 cents to $2.54 a mile.
Line-haul rates, which subtract an amount equal to a fuel
surcharge, tumbled compared to July:
- Line-haul van rate: $1.57 per mile, down 6 cents
- Line-haul reefer rate: $1.94 a mile, down 2 cents
- Line-haul flatbed rate: $1.89, down 12 cents
Contract rates declined
DAT benchmark rates for contracted freight have not increased
month over month since May 2022:
- Contract van rate: $2.57 per mile, unchanged
- Contract reefer rate: $2.99 a mile, up 8 cents
- Contract flatbed rate: $3.19 a mile, down 10 cents
“At 48 cents, the gap between our benchmark spot and contract
van rates was the least it’s been since April 2022,” said Ken
Adamo, DAT Chief of Analytics. “We expect the pricing difference to
narrow further, with contract rates falling over the next 12 months
and spot rates increasing. In the near term, the fourth quarter
will be a busy time for freight. It’s important to come into the
months ahead armed with pricing data and strategies you trust.”
About the DAT Truckload Volume Index
The DAT Truckload Volume Index reflects the change in the number
of loads with a pickup date during that month; the actual index
number is normalized each month to accommodate any new data sources
without distortion. A baseline of 100 equals the number of loads
moved in January 2015, as recorded in DAT RateView, a truckload
pricing database and analysis tool with rates paid on an average of
3 million loads per month.
Spot truckload rates are negotiated for each load and paid to
the carrier by a freight broker. National average spot rates are
derived from payments to carriers by freight brokers, third-party
logistics providers and other transportation buyers for hauls of
250 miles or more with a pickup date during the month reported.
DAT’s rate analysis is based on $150 billion in annualized freight
transactions.
Load-to-truck ratios reflect truckload supply and demand on the
DAT One marketplace and indicate the pricing environment for spot
truckload freight.
About DAT Freight & Analytics
DAT Freight & Analytics operates the largest truckload
freight marketplace in North America. Shippers, transportation
brokers, carriers, news organizations and industry analysts rely on
DAT for market trends and data insights based on more than 400
million freight matches and a database of $150 billion in annual
market transactions.
Founded in 1978, DAT is a business unit of Roper Technologies
(Nasdaq: ROP), a constituent of the S&P 500 and Fortune 1000
indices.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230918882743/en/
Annabel Reeves Corporate Communications, DAT Freight &
Analytics PR@dat.com / annabel.reeves@dat.com; 503-501-0143
Roper Technologies (NYSE:ROP)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Roper Technologies (NYSE:ROP)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024